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Published: Nov 15, 2022
Updated: Nov 15, 2022
Life Insurance Corporation is buying additional shares in Tata group companies and has sold a 2 per cent stake in Adani Ports since October this year.
LIC is sitting on a pile of cash on its exposure to Adani shares and expects Tata group shares to go up. It bought additional shares in Tata Motors and Voltas and sold a stake in Tata Chemicals.
Reliance continues to be the top-valued share in the LIC portfolio and if the Ambuja stake is included Adani will top the LIC equity portfolio investments.
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